West Clarion Railroad Co. - 1916 dated Railway Stock Certificate
Inv# RS4896 Stock
Stock. Operated from 1897 to 1941 then became part of the Erie Railroad (reporting mark ERIE) which was a railroad that operated in the Northeastern United States, originally connecting Pavonia Terminal in Jersey City, New Jersey, with Lake Erie at Dunkirk, New York. The railroad expanded west to Chicago following its 1865 merger with the former Atlantic & Great Western Railroad, also known as the New York, Pennsylvania & Ohio Railroad (NYPANO RR).
The mainline route of the Erie Railroad proved influential in the development & economic growth of the Southern Tier of New York state, including the cities of Binghamton, Elmira, & Hornell. The Erie Railroad repair shops were located in Hornell & was Hornell's largest employer. Hornell was also where Erie's mainline split into two routes with one proceeding northwest to Buffalo & the other west to Chicago. Read more at https://en.wikipedia.org/wiki/Erie_Railroad
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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